After the Final Plan of a Planned Unit Development Overlay has been approved and before it is recorded at the Hamilton County Recorder's office, the developer may be required by the Village to execute a performance bond, certified check or irrevocable letter of credit to the Village covering the estimated cost of required public and/or common area improvements. Bonds shall be kept in the office of the Development Director. A performance bond or cash deposit shall be made in favor of the Village of St. Bernard and shall provide that the developer, or his or her heirs, successors, assigns, agents or servants, will comply with all applicable terms, conditions, provisions and requirements of these and other pertinent regulations, and will faithfully perform and complete the work of constructing such facilities or improvements in accordance with such laws and regulations. Bonds for streets shall be held until all construction is complete within the Planned Unit Development. (Ord. 26-2010. Passed 8-5-10.)